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Khurelbaatar Minister of Economy FB post ref the oil refinery
https://m.facebook.com/story.php?story_fbid=pfbid02qbv6pKoVUBcQrTrAqMDXCejSa2bUSAoCh8VE2cr179YzXisxwbKnXqV5TYmBt8ARl&id=100044515566266
Mr Master / Ms Vikinglass
Since then Dornod governor did say he cannot do anything to stop Govt orders. He understand about law change since 2019 to send to prison if he try to obstruct.
Probably he will not like prison food lol
Cabinet order all formality to be concluded, ALL paperwork sent out for signing, MMHI, MRPAM & Land Agency full force behind this & want all onstream THIS YEAR.
Expect RNS of Operational start very soon I think πππ°π°
This is OBVIOUS to people who follow Mongolian Economic Intel and Govt New Revival and other policies.
Many Cabinet members & advisor have foreign education with Prime Minister Harvard education.
I mention this with Mr Thornogson post in my mind with his view of MATD as one of best investment hold for REAL multibag opportunity. He mention Heron and also know we ALREADY have 1 prospect extra which share MULTI BILLION bbl Basin.
Now look like 1 other in bag with new block application (RNS to confirm) and 2 more which need to advance thru MRPAM process.
RENEWABLE? Do own research but this has one of global biggest potential for Solar/Wind generation. Both Petro Matad RNS & SubSteppe say look toward energy export to China from this. Govt say same
Where this heading? MULTI FACTOR ENERGY COMPANY with strong Central Govt support & MULTI MILLION annual revenues.
Now look at mkt cap / share price today. You will see opportunity or not but one who has timeframe like me (or Mr Thornagassaon & other) know why they here.
Other development for long term stability. National Committter for Urban Planning and Land Management will be headed by the Prime Minister π
Govt policy, land law change, investment law change everything go toward helping BUSINESS & ECONOMY.
Expect full land approval process conclusion & Heron onstream / Block XX development this year with MASSIVE growth of Petro Matad / mkt cap.
Your money so do what you want but my decision made (with reason why & happy π°π°
Vikinglass. Its Same company she is mentioning..
The information I posted is from the governors post.
Looks like the governor was on a power trip in 2019.
Master - thanks, is that the same stuff the FB activist has posted about this morning ? (18th sq)
Local governor being taken to court for doing exactly the same thing as PM.
Magnai Trade Co. Ltd. sued for 2.5 billion MNT, claiming that it was damaged due to the failure to conduct drilling in the area of ββChoibalsan Sum.
In 2010, the company signed an agreement to share oil products in an area called Bayantumen 17, which covers 7 sums of our province.
In 2019, the governor of the province issued an order to vacate the land, considering that the company used the land without permission and placed a drilling tower, a large number of containers and equipment.
In accordance with the law, the dispute was reviewed by the court of first instance of the defendant's jurisdiction, the Eastern Province, and the decision of the governor of the province was reviewed, and the plaintiff filed an appeal.
Also, in the past, the land of the fuel distribution station, which was located on the main road after the Iveel quarter owned by the company, was also released, which was a decision for the public interest.
The plaintiff "Magnai Trade" LLC has filed a lawsuit against the Governor of Dornod Province "Recovering 2589950 664.67 MNT for damages caused by the wrongful actions of the Governor of Dornod Province" in the court.
Therefore, I would like to inform you that you will come to court room 108 by August 18, 2023.
Fear not, tomorrow is Thursday and statistically that is the most likely day to get an RNS. Given that WOS has been banging on about multiple news flow and updates, it should be on! ;)
Couldn't have put it better myself Thornogson. Totally agree. There is more to come.
Not true BP.
I'm happy to wait 24-36 months for full value to be reached from Heron.
After that I'll be wanting to see more blocks and more fields with Renewables steadily taking over as the longer term income driver.
It's difficult to call oil longer term but its glory days certainly appear to be behind it. That said there's a few decades at least where we'll need it and as Petro Matad's is about as cheap to get out of the ground as it gets and given it's proximity to China I think we'll be OK.
My money my choice.
Last one standing however will be the
//This will multibag before next year//
It's to be bloody hoped so - 7 p would be a "multibag" from here wouldn't it!
Ojay - you don't understand sarcasm & have no sense of humour. Yours must be a grey world.
This will multibag before next year
"MATD will not exist this time next year" - your words on August 13. Now how does that work together with your below statement?
You may want to reconsider your position concerning PM - you are constantly discrediting yourself.
I'm so glad that the last few posters are so supremely confident - this time next year (Rodney) we'll be millionaires!
Petro Matad: a 15 well money pumping machine.
And all the rest is just a big fat juicy bonus.
Thorno 15 wells are planned . That's paperwork submitted to the lical government.
Ojay: βRoxy2020: Well said. I would wish that - at least some of the posters on this BB take your recommendation seriously.β
Thatβs why you started on me the other week? Hypocrite.
24 months. 6 wells on Heron. Each averaging 500 barrels per day, $40 profit is $120,000 profit per day or $40 million a year.
Of course it might be 10-20 wells?
They're looking to acquire new bloods adjacent to already producing fields too so more oil?
Renewable plans should be up and running by then with some idea of the scope of their aspirations.
15-30p with only a minimal Heron Field development?
Thornogson: One of the few posters on this BB who not only have their head screwed on right but also see clearly what is relevant. Thank you for being on board.
Hi Thornogson, great post. been holding for a few years now, and looking to average down. What's your opinion on where this could be in say 12-24months?
thanks
Matt
Roxy2020: Well said. I would wish that - at least some of the posters on this BB take your recommendation seriously.
Too true Roxy.
It was the same waiting for the Special Certification sign off.
All information on the subject said that it would happen and it did, albeit taking longer than most would have wanted.
All sorts of nonsense filled the board every day until it did however.
Then it started again but now talking about the loose ends and formalities that need sorting out before they can get to work on Heron. It still all just noise and it'll still happen, one day.
When it does our Market Cap will be considerably higher than today and likely rise considerably higher still as the field is more fully developed and other Petro Matad plans come to fruition.
I've been in and out of Petro Matad for many years on a speculative basis.
This time I'm in and holding/building as much as I can whilst I can.
It's all mapped out and will happen. I don't know when and I don't know if they'll need more funds to get them there but I'm happy to hold until the above plays out.
These sort of opportunities don't come around too often.
This constant bickering and drivel isn't going to affect anything but your frustration and energy.
Calm down and stay on this ride if you genuinely believe this will head north sooner or later or quit and get a good night's sleep knowing full well you don't need to wake up if there is a RNS before trading starts
Same as yesterday's finish!!!! π
Yes, hows the analysis of beacon energy doing hoot hoot? π€«